“I have heard the medical device tax is one of the main ways they were planning on getting funds for Obamacare?”
That is absolutely incorrect.
The medical device tax would only bring in revenues ot approx. 2.9Billion per year, a drop in the bucket for the ACA costs.
Further, the conservatives are being hoodwinked by “conservative Congressman anyway,... The excise tax is one of several manufacturers excise taxes included in subtitle D, chapter 32, of the Internal Revenue Code. Section 4221 of the Code provides that sales for further manufacture or export are exempt from these excises.
Meaning, the medical device tax is nearly the smallest tax created by the ACA, and the GOP conservatives bit off the smallest possible piece to chew, and even on that they can’t gain a win here. There were much much better ways to wrangle in the ACA, and the “conservative House members” chose the path of least resistance with greatest symbolic, but not substantive effect to latch on to in order to maintain their Tea Party creds.
You’ve been lied to, in ways you won’t understand until they find a new paradigm to lie to you,....
Wow I did not know this. But thanks for clearing it up!